Mission and Money goes beyond the common focus on elite universities
and examines the entire higher education industry, including the rapidly growing
for-profit schools.
The sector includes research universities, four-year colleges, two-year
schools, and non-degree-granting career academies. Many institutions pursue
mission-related activities that are often unprofitable and engage in profitable revenue
raising activities to finance them. This book contains a good deal of original research on
schools' revenue sources from tuition, donations, research, patents, endowments, and other
activities. It considers lobbying, distance education, and the world market, as well as
advertising, branding, and reputation. The pursuit of revenue, while essential to achieve
the mission of higher learning, is sometimes in conflict with that mission itself. The
tension between mission and money is also highlighted in the chapter on the profitability
of intercollegiate athletics. The concluding chapter investigates implications of the
analysis for public policy.
339 pages, Paperback